Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Vulcan was supposed to increase Chrome recoveries to ~82% but the recoveries for the current quarter are far below that at 66.4%
7,678 is disappointing given they hit over 9k in each of the previous two quarters.
Out at 333p. There may be additional bids but I’m happy with this price and it frees up funds for other opportunities. Good luck for those of you still holding
H1 numbers have now been updated. StockRank =99! This should help bring in some more buying volume to clear our seller
Does anyone know why you can’t trade these through HL?
Surely any potential suitor would wait for the uncertainty around the tax liability to be resolved. It’s difficult to value the business as long as this matter is still outstanding. Perhaps they know something?
Inflation in the US smashes expectations (equals widening negative real rates)
Israel fighting Hamas potentially leading to a ground war
Tesla no longer accepting Bitcoin for its vehicles
All bode well for gold, and yet we are down. Go figure
Hi Lucky, many commodities are also seeing prices rise because of the sheer amount of money printing from central banks. Even with constant supply (let alone supply disruption) that’s a huge amount of newly minted money chasing the same amount of goods. I for one but into the commodity super cycle story and overweight am overweight on the miners. Increased mortgage lending will also fees through into inflationary forces IMO.
Thanks Alpha. I didn’t realize ATM was ex-BMN.
Heavily invested in BMN for a while. Took a small position in ATM around a month ago, happy with what I see so far...
Hi TBTT, hopefully the market wakes up sooner or later to this fact. Perhaps it won’t be until FY2021 results, but it will happen!
Why didn’t Augean RNS this to the market in August??
Acquired at a significant discount for £1.4m and is expected to immediately enhance earnings! Never miss an opportunity to promote the success of the company, especially when it is earnings accretive.
The guidance at the end of 2019 was that the company would not be declaring a dividend until they had eliminated their net debt position. With net debt of £3.3m as at 30 Jun 20 they would now be in a position by September where there is no longer a net debt position and could have opted to reintroduce the dividend (even a token one). The new guidance is that a dividend will not be declared while the group appeals the HMRC assessments. This is disappointing and I think the market’s reaction to the H1 results partly reflected that. Given the board expects to meet full year market expectations and Q3 so far has been encouraging I think they should have declared a dividend to add some support to the share price.
Thanks Crux investor, you asked all the right questions. Great interview.
Quite happy with the SRB results Announced today given the current environment. I really hope the management team can get their production levels back up to full capacity over the next few months and the gold price holds up. That should set the company up well for the next leg of the journey.
I really like SRBs management team. Transparent and down to earth and most importantly they have sensible heads on their shoulders.
Looks a bit suspicious. Maybe there’s some good interims on the way
Thanks guys, I will check them out. I looked at POLY a while ago and it was a choice at the time between HGM and POLY. I chose HGM which was trading around 1.80 at the time and added at 2.20, 2.35 and 2.70. It was my first exposure to gold in my portfolio and I’m glad I had it given the broader market turmoil. I’ve also got some CEY (good dividend but limited growth) and SRB (good growth profile and should hit their stride if they can get back to full production). Dartron I think you’re right
I would like to think that a counter offer might emerge from somewhere given its a steal at 300p. I’m in two minds whether to hold in the hope that a higher offer materialises (and possible bidding war) or sell in the market and reinvest elsewhere. But where? Are there any other companies with a similar profile to HGM? Forward p/e of 4, >5% dividend yield, able to fund new mines out of FCF and a growing production trend. With this out of my portfolio I’m losing a big chunk of exposure to the POG.